Corn Belt—$1-2 higher live and fully $4-7 higher dressed than the prior week—by close of trade Thursday those prices had advanced to as high as $144.50 live (all grade steer average of $143.74) and dressed prices as high as $230 (all grade steer average of $228.
Both the most recent World Agricultural Supply and Demand Estimates (WASDE) report and the annual Crop Production report were released Friday, Jan. 10. The number people were waiting for was the final word on corn production for the 2013 year.
It’s a new year and an election year at that, so the body politic—and the market equivalent—have lost no time in generating proposals that need producer commentary. Below are a trio of pending actions that have the potential to greatly impact ranching.
Times have been tough in the heart of classic cowboy country these past few years. The Southwest has seen some of the worst drought it’s experienced in ages in 2011-2013. Drought and its accompanying friend, fire, has taken a toll on ag real estate and pasture values.
Last week the cash fed market continued to ride the rising tide of record prices. Though the bulk of sales were pushed off until Friday, the scattered small volume sells to regional packers were nothing if not a reprisal of the prior week’s tune, though at a slightly higher pitch.
In what is likely a long list of firsts for the year 2014, the derisive moniker of “aggag” has been applied to a proposed Indiana law by animal rights groups. The law in question focuses mostly on trespass and trains, but does include an interesting detail that could even give the agricultural world pause.
In a report released last Tuesday, USDA’s Agricultural Marketing Service (AMS) stated it had found “no reportable findings” in its required triennial management review of the Cattlemen’s Beef Board (CBB).
Cash fed trade last week was riding the strong price tailwind from the prior week. On Friday, Dec. 27, cash cattle prices increased sharply with cattle selling $3-4 higher for live at $133-136 and $3-6 higher with $210-215—mostly $212-214—for dressed.